Expect more M&A in the gold space, despite ‘slim pickings’
In a presentation, Minefinders (MFL-T, MFN-X) president and CEO Mark Bailey summed up the spirit of this year’s Denver Gold Forum – a place where the lobbying and meetings continue…
Canada
First Point partner quadruples drill program at ‘1st-of-its-kind’ Decar project
First Point Minerals (FPX-V) seemingly has it all.
Foundation, Alto release Coldstream resource
Vancouver – Foundation Resources (FDN-V) and Alto Ventures (ATV-V) have released an initial compliant resource for their 60-40-split East Coldstream project in northwestern Ontario.
New drill results surpass even Hathor’s expectations
Hathor Exploration (HAT-V), which is in the midst of fighting off a hostile takeover offer from Cameco Corp. (CCO-T, CCJ-N), updated the markets today with excellent drill results from the Far East zone at its coveted Roughrider deposit in…
Venture edges down again in Sept. 12-16 period
Vancouver – The S&P TSX Venture Composite Index dropped for another week as debt fears continued to overshadow the economy. Over the September 12 to 16 period the Index climbed 26 points over two days and fell 48 over three to end down…
Hard hats to fundraising
Two of the 33 Chilean miners have put on their fundraising hats to promote the upcoming National Folkloric Ballet of Chile (BAFONA) tour across Canada.
Pacific North West looks to bolster Ontario’s PGM cred
Talk of platinum and palladium often leads North American mining investors’ minds to such far off places as South Africa, Russia and Zimbabwe.
Detour set to make Canadian gold mining history
The landscape around this town is prototypical of northeastern Ontario: a flat horizon dense with coniferous trees, broken here and there by a still, black lake.
People
BCGold – Darren Bahrey resigned as a director; Wes Roberts appointed a director.
Richmont’s Wasamac shows potential
Shares of Richmont Mines (RIC-T, RIC-X) jumped $1.42, or 15.1%, to $10.69 on drill results from its Wasamac gold property in Quebec’s Abitibi region.
Cadillac Ventures boosts resource at Thierry mine project
Cadillac Ventures (CDC-V) has increased measured and indicated resources by 33% and inferred resources by 75% at its 100%-owned Thierry polymetallic mine project in northwestern Ontario, based on drilling completed in 2010 and 2011.
NovaGold boosts costs for Donlin
NovaGold Resources (NG-T, NG-X) has updated the cash needed to build its joint-venture Donlin (formerly Donlin Creek) gold project in Alaska, to US$7 billion from US$4.5 billion.